Deluxe (NYSE:DLX) Downgraded by StockNews.com to Buy

Deluxe (NYSE:DLX) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Deluxe Stock Performance

Shares of DLX stock opened at $22.50 on Thursday. Deluxe has a one year low of $17.60 and a one year high of $24.87. The company has a market cap of $996.12 million, a P/E ratio of 18.15, a P/E/G ratio of 0.66 and a beta of 1.46. The firm has a 50-day moving average of $20.09 and a 200-day moving average of $21.13. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83.

Insider Buying and Selling at Deluxe

In related news, CEO Barry C. Mccarthy bought 2,820 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average price of $19.08 per share, for a total transaction of $53,805.60. Following the purchase, the chief executive officer now directly owns 178,670 shares in the company, valued at $3,409,023.60. This trade represents a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.23% of the company’s stock.

Hedge Funds Weigh In On Deluxe

A number of large investors have recently modified their holdings of the company. Round Hill Asset Management grew its position in shares of Deluxe by 1.0% during the 3rd quarter. Round Hill Asset Management now owns 50,058 shares of the business services provider’s stock valued at $976,000 after purchasing an additional 485 shares in the last quarter. EMC Capital Management raised its holdings in shares of Deluxe by 10.7% in the 1st quarter. EMC Capital Management now owns 5,417 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 522 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Deluxe by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the business services provider’s stock valued at $499,000 after acquiring an additional 600 shares during the last quarter. Federated Hermes Inc. grew its stake in Deluxe by 55.9% in the 2nd quarter. Federated Hermes Inc. now owns 2,262 shares of the business services provider’s stock worth $51,000 after buying an additional 811 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Deluxe by 57.2% in the 3rd quarter. FMR LLC now owns 3,206 shares of the business services provider’s stock worth $62,000 after buying an additional 1,166 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors.

Deluxe Company Profile

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.